Two-year export program provides resources to support international business expansion July 15, 2021 Richmond—The Virginia Economic Development Partnership (VEDP) today announced the acceptance of 12 companies into its two-year Virginia Leaders in Export Trade (VALET) program. The VALET program assists companies in the Commonwealth that are committed to international exporting as a growth strategy. To […]
July 7, 2021 In this issue of Virginia Economic Review, the Virginia Economic Development Partnership (VEDP) explores the economic value that international trade brings to companies and consumers and detail Virginia’s ambitious international trade plan to boost exports by 50% over the next 10–15 years. Shenandoah Valley highlights include (page numbers reference digital version): 10 – Ryzing […]
May 27, 2021 A mosaic of productive family farms, vibrant cities, and accessible outdoor recreation form the essential character of the Shenandoah Valley. Home to four of the top five agricultural-producing counties in Virginia, local is defined by a country drive, not a 100+ mile commute. Our majestic fields and downtown hubs weave together farm-to-table […]
SIBO GROUP to invest $2.6 million in new operation, creating 24 new jobs For Immediate Release: May 27, 2021 Office of the Governor Contact: Alena Yarmosky Email: Alena.Yarmosky@governor.virginia.gov Virginia Economic Development Partnership Contact: Suzanne Clark Email: sclark@vedp.org SIBO GROUP Contact: Alex Radojcic Email: alex.rad@sibo-usa.com RICHMOND—Governor Ralph Northam today announced that SIBO GROUP, a Slovenia-based manufacturer […]
April 2021 The diversification of drivers affecting growth provides stability in the region. The growth of existing companies, new e-commerce requirements and 3PL activity have all helped the region. The shift to online shopping has helped companies focus on moving into space along the Shenandoah/I-81 Corridor. Click here to read the full story on Colliers International’s […]
Modine Manufacturing Company to invest $7 million to expand manufacturing of data center cooling solutions Date: April 29, 2021 RICHMOND—Governor Ralph Northam today announced that Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, will invest $7 million to establish a manufacturing facility in Rockbridge County. The company will […]
April 22, 2021 FOR IMMEDIATE RELEASE Contact: Nick Swartz, Ph.D., SHD Air Service Task Force Chair (540) 568-5272 swartznj@jmu.edu It has been an incredible three years for Shenandoah Valley Airport (SHD). After announcing their non-stop United Express jet service powered by SkyWest in April 2018, SHD experienced record passenger numbers, added additional flights in the […]
Ryzing Technologies to invest $149,000 to increase capabilities Date: April 16, 2021 RICHMOND—Governor Ralph Northam today announced that Ryzing Technologies, LLC, a designer and manufacturer of textile-based engineering solutions, will invest $149,000 to expand capabilities at its facility in the City of Staunton. The company serves the U.S. military and allied forces, as well as […]
Overlook Produce leverages success of roadside farm stand to build new packing operation and large retail market featuring Virginia-sourced produce, seafood Date: April 14, 2021 RICHMOND—Governor Ralph Northam today announced that Overlook Produce and Farm Adventures will invest over $850,000 to build a new produce packing facility and retail market pavilion in Rockingham County. Having […]
Richmond Philanthropists Mr. and Mrs. William H. Goodwin, Jr. Make Transformational $5 Million Gift to MBU’s Murphy Deming College of Health Sciences Date: April 14, 2021 Staunton, Va. – Mary Baldwin University (MBU) today announced that Mr. and Mrs. William H. Goodwin, Jr. have pledged $5 million to support the expansion of the Murphy Deming […]
